U.S. SECURITIES AND EXCHANGE
                                   COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


(MARK ONE)

[X]  QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934 FOR THE QUARTERLY PERIOD ENDED NOVEMBER 30, 2003

[ ]  TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO


     COMMISSION FILE NUMBER:


                       L.O.M. MEDICAL INTERNATIONAL, INC.
                       ----------------------------------
        (Exact name of small business issuer as specified in its charter)


DELAWARE                                                     98-0178784
--------                                                     ----------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)


       #3-1482 Springfield Road, Kelowna, British Columbia, Canada V1Y 5V3
       -------------------------------------------------------------------
                    (Address of principal executive offices)


                                  250.762.7552
                                  ------------
                (Issuer's Telephone Number, including Area Code)



                              Thomas E. Stepp, Jr.
                                 Stepp Law Group
                          32 Executive Park, Suite 105
                          Irvine, California 92614-6742

                             Telephone: 949.660.9700
                             Facsimile: 949.660.9010
            (Name, Address and Telephone Number of Agent for Service)


                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check  whether  the issuer  (1) has filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing  requirements  for the past 90 days.
        [X] Yes       [ ] No

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practical  date. As of November 30, 2003,  there were
6,367,490  shares of the  issuer's  $.001  par value  common  stock  issued  and
outstanding.


<PAGE>










                                     PART I
                                     ------

SPECIAL NOTE REGARDING INDEPENDENT ACCOUNTANTS REVIEW
Our independent accountants,  KPMG LLP, have not performed any review procedures
at the time of filing  this  quarterly  report on Form 10-QSB for the six months
ended November 30, 2003, as required under Item 310(b) of Regulation S-B.


Item 1. Financial Statements
----------------------------










                        Consolidated Financial Statements of


                        L.O.M. MEDICAL INTERNATIONAL INC.

                        (A Development Stage Enterprise)

                        Six months ended November 30, 2003

                        (Unaudited)

























                                        2
<PAGE>



<TABLE>
<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Balance Sheets
$ United States

November 30, 2003 and May 31, 2003

====================================================================================================================
                                                                                    November 30,             May 31,
                                                                                            2003                2003
                                                                                     (Unaudited)
--------------------------------------------------------------------------------------------------------------------

Assets

<S>                                                                             <C>                 <C>
Current assets:
     Cash and cash equivalents                                                  $          629      $        7,642
     Amounts receivable                                                                  4,729              16,418
     Prepaid expenses                                                                   71,857              71,799
     ---------------------------------------------------------------------------------------------------------------
                                                                                        77,215              98,859

Deposits                                                                                11,747              11,117

Property, plant and equipment                                                           14,958              17,270

--------------------------------------------------------------------------------------------------------------------
                                                                                $      103,920      $      124,246
====================================================================================================================

Liabilities and Stockholders' Deficiency

Current liabilities:
     Accounts payable and accrued liabilities                                   $      824,756      $      516,837
     Convertible promissory notes (note 3)                                               7,886              46,486
--------------------------------------------------------------------------------------------------------------------
                                                                                       832,642             563,323

Minority interest                                                                      339,682             321,469


Share subscriptions (note 4)                                                            63,873             100,605

Stockholders' deficiency:
     Capital stock
       5,000,000   preferred shares with a par value of $0.001 per
                   share authorized
       50,000,000  common shares with a par value of $0.001 per
                   share authorized, 6,367,490 issued
                  (May 31, 2003 - 6,311,813 issued), net of treasury
                   stock of 53,604 (May 31, 2003 - 51,073)                               6,367               6,312
     Additional paid-in capital                                                      4,214,361           4,080,739
     Deficit accumulated during the development stage                               (5,386,309)         (4,981,506)
     Accumulated other comprehensive income                                             33,304              33,304
     ---------------------------------------------------------------------------------------------------------------
                                                                                   (1,132,277)            (861,151)
Going concern (note 1 (a))
Commitments (note 2 (b))
Contingent liabilities (note 2 (a))
--------------------------------------------------------------------------------------------------------------------
                                                                                $      103,920      $      124,246
====================================================================================================================
</TABLE>

See accompanying notes to consolidated financial statements




                                        3
<PAGE>



<TABLE>
<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Loss
$ United States

Six months ended November 30, 2003 and 2002 and period from inception (March 17,
1997) to November 30, 2003
(Unaudited)

==========================================================================================================
                                                    From inception       Six months ended, November 30,
                                                  (March 17, 1997)    ------------------------------------
                                              to November 30, 2003                2003                2002
----------------------------------------------------------------------------------------------------------

<S>                                           <C>                     <C>                 <C>
Expenses:
     General and administration               $        4,012,697      $      307,752      $      290,270
     Research and development                          1,496,431              97,052              50,233
     -----------------------------------------------------------------------------------------------------
                                                       5,509,128             404,804             340,503

----------------------------------------------------------------------------------------------------------
Loss from operations                                  (5,509,128)           (404,804)           (340,503)

Other income:
     Interest income                                     122,819                   1                 512

----------------------------------------------------------------------------------------------------------
Loss                                          $       (5,386,309)     $     (404,803)     $     (339,991)
==========================================================================================================


Weighted average number of common shares,
   basic and diluted                                   5,288,467           6,317,417           6,200,099

Loss per share, basic and diluted             $            (1.02)     $        (0.06)     $        (0.05)

==========================================================================================================
</TABLE>

See accompanying notes to consolidated financial statements

























                                        4
<PAGE>


L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Loss
$ United States

Three months ended November 30, 2003 and 2002
(Unaudited)

================================================================================
                                                          2003              2002
--------------------------------------------------------------------------------

Expenses:
     General and administration                 $     198,178     $     118,378
     Research and development                          74,154            27,130
     ---------------------------------------------------------------------------
                                                      272,332           145,508

--------------------------------------------------------------------------------
Loss from operations                                 (272,332)         (145,508)

Other income:
     Interest income                                        -               238

--------------------------------------------------------------------------------
Net loss                                        $    (272,332)    $    (145,270)
================================================================================


Weighted average number of common shares,
   basic and diluted                                6,323,425         6,219,069

Loss per common share, basic and diluted        $       (0.04)    $       (0.02)

================================================================================

See accompanying notes to consolidated financial statements




























                                        5
<PAGE>



<TABLE>
<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Cash Flows
$ United States

Six months ended November 30, 2003 and 2002 and period from inception (March 17,
1997) to November 30, 2003
(Unaudited)

===============================================================================================================================
                                                                           From inception         Six months ended November 30,
                                                                         (March 17, 1997)         -----------------------------
                                                                     to November 30, 2003              2003                2002
-------------------------------------------------------------------------------------------------------------------------------

Cash flows provided by (used in):

<S>                                                                  <C>                     <C>                 <C>
Operating activities:
   Loss for the period                                               $       (5,386,309)     $    (404,803)      $    (339,991)

   Items not involving cash
     Amortization                                                               103,863              2,312               8,088
     Amortization of discount on convertible promissory notes                    43,286             10,351                   -
     Gain on sale of fixed assets                                                (2,659)                 -                   -
     Write down of product rights and patent costs                              374,128                  -                   -
     Subscription for common shares for consulting services                      44,375             42,750              73,659
     Common shares issued for consulting services                               109,584                  -                   -
     Compensation cost of stock options issued for services                     486,719                  -                   -
     Foreign exchange loss (gain) on redeemable preferred shares                 37,955             18,213              (6,985)
     Write-down of advances and deposits                                        168,680                  -                   -
     Common shares issued in lieu of cash payment of
       Interest on convertible promissory notes                                   1,690              1,435                   -

   Changes in non-cash working capital
     Amounts receivable                                                          (4,729)            11,689               9,735
     Prepaid expenses                                                           (71,857)               (58)                  -
     Accounts payable and accrued liabilities                                   651,631            299,979              37,792
     --------------------------------------------------------------------------------------------------------------------------
                                                                             (3,443,643)           (18,132)           (217,702)
Financing activities:
     Issuance of capital stock                                                2,746,747                  -                   -
     Issuance of convertible debentures                                          72,639                  -                   -
     Common shares rescinded or repurchased                                     (48,851)            (1,625)                  -
     Proceeds from subscriptions for shares                                   1,009,423             13,374             150,525
     --------------------------------------------------------------------------------------------------------------------------
                                                                              3,779,958             11,749             150,525
Investing activities:
     Deposits                                                                  (180,427)              (630)                  -
     Proceeds on disposition of property, plant and equipment                     6,189                  -                   -
     Acquisition of property, plant and equipment                              (104,352)                 -                   -
     Acquisition of product rights                                              (90,577)                 -                   -
     --------------------------------------------------------------------------------------------------------------------------
                                                                               (369,167)              (630)                  -

Effects of change in exchange rates on cash                                      33,481                  -                   -
-------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash                                                         629             (7,013)            (67,177)

Cash, beginning of period                                                            -               7,642             142,114

-------------------------------------------------------------------------------------------------------------------------------
Cash, end of period                                                  $              629      $         629       $      74,937
===============================================================================================================================








                                        6
<PAGE>


<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Cash Flows (continued)
$ United States

Six months ended November 30, 2003 and 2002 and period from inception (March 17,
1997) to November 30, 2003
(Unaudited)

===============================================================================================================================

<S>                                                                  <C>                     <C>                 <C>
Supplementary information
   Interest paid                                                     $                -      $           -       $           -
   Income taxes paid                                                                  -                  -                   -
Non-cash financing and investing activities
   Issuance of redeemable preferred shares for product rights                   309,677                  -                   -
   Common shares issued for conversion of share subscriptions                 1,010,324            100,605              34,375
   Common shares issued for consulting services                                 109,584                  -              73,659
   Common shares rescinded and cancelled                                         47,851              1,625                   -
   Subscriptions for common shares for consulting services                       44,375             42,450                   -
   Common shares issued upon conversion of convertible promissory
     notes and accrued interest                                                   1,293                  -                   -
   Subscriptions for common shares upon conversion of convertible
     promissory notes and accrued interest                                       63,036             50,386                   -
   Compensation cost of stock options issued for services                       486,719                  -                   -
   Unpaid amount related to rescinded shares (note 2 (a))                       156,709             (1,625)            (11,390)
   Unpaid amount related to returned shares                                      16,416              9,565                   -
===============================================================================================================================
</TABLE>

See accompanying notes to consolidated financial statements
































                                        7
<PAGE>


<TABLE>
<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statement of Stockholders' Equity (Deficiency) and Comprehensive
Loss
$ United States

Period from inception (March 17, 1997) to November 30, 2003

==================================================================================================================================
                                              Capital Stock                              Deficit
                                        -------------------------                    Accumulated     Accumulated           Total
                                             Number                   Additional      During the           Other   Stockholders'
                                          of Common                      Paid in     Development   Comprehensive          Equity
                                             Shares        Amount        Capital           Stage          Income    (Deficiency)
----------------------------------------------------------------------------------------------------------------------------------

<S>                                      <C>          <C>           <C>            <C>            <C>             <C>
Common shares issued on incorporation            3  $          1    $         -    $          -   $           -   $           1

Comprehensive income (loss):
  Loss                                           -             -              -        (138,272)              -        (138,272)
  Foreign currency translation                   -             -              -               -          13,582          13,582
----------------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                                                                                                     (124,690)

----------------------------------------------------------------------------------------------------------------------------------
Balance, May 31, 1997                            3             1              -        (138,272)         13,582        (124,689)

Common shares issued to founders
  and others at $0.001                   4,210,090         4,210              -               -               -           4,210

Common shares issued at $1.00
  net of share issue costs                 668,154           668        469,887               -               -         470,555

Common shares issued at $1.00 on
  conversion of share subscriptions        605,000           605        604,395               -               -         605,000

Comprehensive income (loss):
  Loss                                           -             -              -        (293,239)              -        (293,239)
  Foreign currency translation                   -             -              -               -          (7,294)         (7,294)
----------------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                                                                                                     (300,533)

----------------------------------------------------------------------------------------------------------------------------------
Balance, May 31, 1998                    5,483,247         5,484      1,074,282        (431,511)          6,288         654,543

Common shares issued on
  November 30, 1998 at $3.25
  net of share issue costs                  36,300            36         96,726               -               -          96,762

Comprehensive income (loss):
  Loss                                           -             -              -        (726,055)              -        (726,055)
  Foreign currency translation                   -             -              -               -          17,038          17,038
----------------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                                                                                                     (709,017)

----------------------------------------------------------------------------------------------------------------------------------
Balance, May 31, 1999                    5,519,547         5,520      1,171,008      (1,157,566)         23,326          42,288

Common shares issued on
  April 17, 2000 at $3.25
  net of share issue costs                 307,610           308        967,335               -               -         967,643

Common shares issued on
  May 10, 2000 at $3.25 on
  conversion of share
  subscriptions                             19,302            19         62,712               -               -          62,731

Comprehensive income (loss):
  Loss                                           -             -              -        (508,835)              -        (508,835)
  Foreign currency translation                   -             -              -               -           9,978           9,978
----------------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                                                                                                     (498,857)

----------------------------------------------------------------------------------------------------------------------------------

Balance, May 31, 2000                    5,846,459    $    5,847    $ 2,201,055    $ (1,666,401)  $      33,304   $     573,805
==================================================================================================================================





                                        8
<PAGE>



<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Stockholders' Equity (Deficiency) and Comprehensive
Loss (continued)
$ United States

Period from inception (March 17, 1997) to November 30, 2003

==================================================================================================================================
                                              Capital Stock                              Deficit
                                        -------------------------                    Accumulated     Accumulated           Total
                                             Number                   Additional      During the           Other   Stockholders'
                                          of Common                      Paid in     Development   Comprehensive          Equity
                                             Shares        Amount        Capital           Stage          Income    (Deficiency)
----------------------------------------------------------------------------------------------------------------------------------

<S>                                      <C>          <C>           <C>            <C>            <C>             <C>
Balance, May 31, 2000,
  carried forward                        5,846,459    $    5,847    $ 2,201,055    $ (1,666,401)  $      33,304   $     573,805

Common shares issued on
  September 22, 2000 for
  cash at $3.25 net of share
  issue costs                              249,271           250        726,654               -               -         726,904

Common shares issued on
  December 19, 2000 at $3.25
  on conversion of share
  subscriptions                             57,081            57        185,456               -               -         185,513

Compensation costs for
  stock options issued for
  services                                       -             -        295,269               -               -         295,269

Comprehensive income (loss):
  Loss                                           -             -              -      (1,216,128)              -      (1,216,128)
  Foreign currency translation                   -             -              -               -               -               -
----------------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                                                                                                   (1,216,128)
----------------------------------------------------------------------------------------------------------------------------------

Balance, May 31, 2001                    6,152,811    $    6,154    $ 3,408,434    $ (2,882,529)  $      33,304   $     565,363

Common shares issued on
  August 31, 2001 at $3.25
  on conversion of share
  subscriptions                              6,800             7         22,093               -               -          22,100

Common shares issued for cash
  on October 11, 2001 at $3.25, net
  of share issue costs                      38,211            38        110,245               -               -         110,283

Common shares issued for cash
  on January 10, 2002 at $3.25               5,020             5         16,310               -               -          16,315

Common shares issued for cash
  on January 10, 2002 at $2.41              47,697            47        114,903               -               -         114,950

Common shares issued for consulting
  services rendered on January 10, 2002
  at $2.41                                   7,303             7         17,593               -               -          17,600

Shares rescinded and cancelled
  on February 22, 2002                     (18,702)          (19)       (46,207)              -               -         (46,226)

Common shares issued for cash
  on April 2, 2002 at $3.25                  2,880             3          9,357               -               -           9,360

Common shares issued for cash
  on April 2, 2002 at $2.41                 10,400            10         25,054               -               -          25,064




                                        9
<PAGE>



<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Stockholders' Equity (Deficiency) and Comprehensive
Loss (continued)
$ United States

Period from inception (March 17, 1997) to November 30, 2003

==================================================================================================================================
                                              Capital Stock                              Deficit
                                        -------------------------                    Accumulated     Accumulated           Total
                                             Number                   Additional      During the           Other   Stockholders'
                                          of Common                      Paid in     Development   Comprehensive          Equity
                                             Shares        Amount        Capital           Stage          Income    (Deficiency)
----------------------------------------------------------------------------------------------------------------------------------

<S>                                      <C>          <C>           <C>            <C>            <C>             <C>
Common shares issued for cash
  on April 2, 2002 at $1.00                 10,000            10          9,990               -               -          10,000

Common shares issued for cash
  on April 24, 2002 at $3.25                   462             1          1,501               -               -           1,502

Comprehensive loss                               -             -              -      (1,051,699)              -      (1,051,699)
----------------------------------------------------------------------------------------------------------------------------------
                                         6,262,882         6,263      3,689,273      (3,934,228)         33,304        (205,388)

Shares rescinded and retained
  as treasury stock                        (81,231)          (81)      (217,266)              -               -        (217,347)

Shares repurchased and retained
  as treasury stock                         (3,205)           (3)        (7,848)              -               -          (7,851)

----------------------------------------------------------------------------------------------------------------------------------
Balance, May 31, 2002                    6,178,446    $    6,179    $ 3,464,159    $ (3,934,228)  $      33,304   $    (430,586)

Common shares issued on conversion
  on share subscriptions on
  August 30, 2002 at $3.25, net
  of share issue costs                      10,693            11         34,364               -               -          34,375

Common shares issued for cash on
  October 29, 2002 at $2.485                   165             -            410               -               -             410

Common shares issued for cash on
  October 29, 2002 at $2.61, net
  of share issue costs                      16,935            17         44,183               -               -          44,200

Common shares issued for cash on
  October 29, 2002 at $2.70, net
  of share issue costs                      14,923            15         40,275               -               -          40,290

Common shares issued for cash on
  October 29, 2002 at $3.25                    500             -          1,625               -               -           1,625

Common shares issued for cash on
  October 29, 2002 at $4.40                 14,546            15         63,985               -               -          64,000

Common shares issued for consulting
  services on October 29, 2002 at $3.09     23,827            24         73,636               -               -          73,660

Common shares issued for cash on
  February 28, 2003 at $3.25                11,630            12         37,786               -               -          37,798

Common shares issued for consulting
  services on February 28, 2003 at $3.25     4,638             5         15,069               -               -          15,074



                                       10
<PAGE>



<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Stockholders' Equity (Deficiency) and Comprehensive
Loss (continued)
$ United States

Period from inception (March 17, 1997) to November 30, 2003

==================================================================================================================================
                                              Capital Stock                              Deficit
                                        -------------------------                    Accumulated     Accumulated           Total
                                             Number                   Additional      During the           Other   Stockholders'
                                          of Common                      Paid in     Development   Comprehensive          Equity
                                             Shares        Amount        Capital           Stage          Income    (Deficiency)
----------------------------------------------------------------------------------------------------------------------------------

<S>                                      <C>          <C>           <C>            <C>            <C>             <C>
Common shares issued on
  February 28, 2003 at $2.00 upon
  conversion of convertible promissory
  note                                         323             -            646               -               -             646

Common shares issued for cash
  on May 20, 2003 at $3.25                   1,500             1          4,874               -               -           4,875

Common shares issued on
  May 20, 2003 at $2.00 upon
  conversion of convertible promissory
  note                                         324             -            647               -               -             647

Common shares issued for consulting
  services on May 20, 2003 at $3.25          1,000             1          3,249               -               -           3,250

Share rescission retracted (note 5(a))      32,363            32         58,981               -               -          59,013

Beneficial conversion option on
  convertible promissory notes (note 6)          -             -         45,400               -               -          45,400

Compensation cost of options issued
  for services (note 8 (b))                      -             -        191,450               -               -         191,450

Comprehensive loss:
  Loss                                           -             -              -      (1,047,278)              -      (1,047,278)
----------------------------------------------------------------------------------------------------------------------------------
Balance, May 31, 2003                    6,311,813    $    6,312    $ 4,080,739    $ (4,981,506)  $      33,304   $    (861,151)

Common shares issued for cash
  on November 5, 2003 at $3.25               9,977            10         32,415               -               -          32,425

Common shares issued for cash
  on November 5, 2003 at $2.50              19,394            19         48,466               -               -          48,485

Common shares issued for cash
  on November 5, 2003 at $2.20                 455             -          1,000               -               -           1,000

Common shares issued on
  November 5, 2003 at $2.00 upon
  conversion of convertible promissory
  note                                       6,325             6         12,644               -               -          12,650

Common shares issued for consulting
  services on November 5, 2003 at $3.25        500             1          1,624               -               -           1,625

Common shares issued for cash
  on November 13, 2003 at $3.25              2,360             2          7,668               -               -           7,670

Common shares issued on
  November 13, 2003 at $2.00 upon
  conversion of convertible promissory
  note                                      19,697            20         39,367               -               -          39,387




                                       11
<PAGE>



<CAPTION>
L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Consolidated Statements of Stockholders' Equity (Deficiency) and Comprehensive
Loss (continued)
$ United States

Period from inception (March 17, 1997) to November 30, 2003

==================================================================================================================================
                                              Capital Stock                              Deficit
                                        -------------------------                    Accumulated     Accumulated           Total
                                             Number                   Additional      During the           Other   Stockholders'
                                          of Common                      Paid in     Development   Comprehensive          Equity
                                             Shares        Amount        Capital           Stage          Income    (Deficiency)
----------------------------------------------------------------------------------------------------------------------------------

<S>                                      <C>          <C>           <C>            <C>            <C>             <C>
Shares repurchased and retained
  as treasury stock                         (3,031)           (3)        (9,562)              -               -          (9,565)

Comprehensive loss:
  Loss                                           -             -              -        (404,803)              -        (404,803)
----------------------------------------------------------------------------------------------------------------------------------
Balance, November 30, 2003               6,367,490    $    6,367    $ 4,214,361    $ (5,386,309)  $      33,304   $  (1,132,277)
==================================================================================================================================
</TABLE>






































                                       12
<PAGE>



L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Notes to Consolidated Financial Statements
$ United States

Six months ended November 30, 2003 and 2002
(Unaudited)
================================================================================

L.O.M.  Medical  International Inc. was incorporated on March 17, 1997 under the
General  Corporation Laws of Delaware.  It conducts  research and development on
new products in the medical field  including a retractable  syringe.  Operations
effectively commenced on June 1, 1997.

1.   Significant accounting policies:
     --------------------------------

     a)   Going concern

          These  financial  statements  have been  prepared by management on the
          going concern basis in accordance with accounting principles generally
          accepted  in  the  United   States  of  America,   which  assumes  the
          realization of assets and  liquidation of liabilities  and commitments
          in the  normal  course  of  business.  As  shown  in the  consolidated
          financial statements,  to date, the Company has generated no revenues,
          has a working  capital  deficiency and has accumulated a deficit since
          inception  of   $5,386,309.   These  factors,   among  others,   raise
          substantial  doubt about the Company's  ability to continue as a going
          concern.  The  Company's  ability to  continue  as a going  concern is
          dependent on its ability to generate future profitable  operations and
          receive  continued  financial  support from its stockholders and other
          investors.  The consolidated  financial  statements do not include any
          adjustments that might result from the outcome of this uncertainty.

          In the short-term,  management's  plans involve  obtaining  additional
          funding   from   stockholders   in  the  form  of   additional   share
          subscriptions  to support  continued  operations.  In the longer term,
          management's  plans include  generating future  profitable  operations
          from  future  sales  of  the  retractable  syringe.  There  can  be no
          assurance  that a market will develop for the  retractable  syringe or
          that additional share financings will be available.  Failure to obtain
          adequate  financing to continue  current  development  activities will
          cause the Company to curtail operations.

     b)   Basis of presentation

          The  consolidated  financial  statements  include the  accounts of the
          Company and its wholly owned subsidiary. All significant inter-company
          balances and transactions have been eliminated.

          The financial  information  presented as at November 30, 2003, for the
          three  months  ended  November  30, 2003 and 2002;  for the six months
          ended  November 30, 2003 and 2002;  and for the period from  inception
          (March 17, 1997) to November 30, 2003 is  unaudited,  however,  in the
          opinion of management,  all adjustments  (consisting  solely of normal
          recurring  items)  necessary  for  the  fair   presentation  of  these
          unaudited amounts in conformity with accounting  principles  generally
          accepted  in the  United  States  of  America  have been  made.  These
          unaudited interim consolidated  financial statements should be read in
          conjunction with the annual consolidated  financial statements for the
          year ended May 31, 2003 filed under Form 10-KSB.

     c)   Management estimates

          The preparation of financial  statements in conformity with accounting
          principles generally accepted in the United States of America requires
          management to make estimates and assumptions  that affect the reported
          amounts of assets and liabilities and disclosures of contingent assets
          and  liabilities  at the  date  of the  financial  statements  and the
          reported amounts of revenues and expenses during the reporting period.
          Actual results could differ from those estimates.





                                       13
<PAGE>



L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Notes to Consolidated Financial Statements
$ United States

Six months ended November 30, 2003 and 2002
(Unaudited)
================================================================================

2.   Contingent liability:
     ---------------------

     (a)  Stockholders  who  acquired  99,933 of common  stock from the  Company
          prior  to  May  31,  2001  for  aggregate  proceeds  of  approximately
          $263,573,  exercised  their right of rescission  during the year ended
          May 31, 2002.  As of November 30, 2003 the Company has repaid  $47,851
          of the  $263,573.  The  remaining  $156,709 as at November 30, 2003 is
          unsecured and is included in accounts payable and accrued  liabilities
          on  the  consolidated   balance  sheet.  The  Company  does  not  have
          sufficient funds to repay this liability at this time.

          Treasury   stock  consists  of  the  99,933  shares  of  common  stock
          originally  acquired under the rescission  order less 19,202 shares of
          common stock that was  cancelled and 32,363 shares of common stock for
          which the  rescission  offer was  retracted by the original  purchaser
          plus 5,236 shares which were repurchased separately and are being held
          as treasury stock for total treasury stock of 53,604 shares.

     (b)  During  the year  ended  the  Company  signed  an  offer  to  purchase
          additional  office  space for  approximately  $604,000  with a planned
          occupancy  date of April 1, 2003. To date, the Company has not secured
          the necessary financing to fund this acquisition.  It is not currently
          the  intention  of the Company to  complete  this  transaction.  It is
          management's best estimate that no liability will arise to the Company
          as a result of not completing this offer to purchase, as another party
          has purchased the intended office space. As a result, no liability has
          been  accrued for this  contingency  in these  consolidated  financial
          statements.

3.   Convertible promissory notes:
     -----------------------------

     During  the  year  ended  May 31,  2003,  the  Company  issued  convertible
     promissory  notes for aggregate cash proceeds of $72,639.  The  convertible
     promissory notes bear interest at 7.25%, are unsecured and are due June 30,
     2003.  The original  principal of the notes is convertible to common shares
     at $2.00  per  share.  Accrued  and  unpaid  interest  on the notes was not
     originally convertible to common shares, however subsequent to the issuance
     of the notes  management  and the note holders agreed to convert any unpaid
     interest at the conversion date at $2.00 per share as well.

     A  deemed  discount  existed  at the  date  of  issue  of  the  convertible
     promissory notes due to a beneficial  conversion  option, as the notes were
     convertible into common shares at a price that was less than the fair value
     of the  common  shares  at the  date of  issuance.  Accordingly,  a  deemed
     discount  relating  to the  beneficial  conversion  option of  $45,400  was
     recorded and is being  amortized  over the period from the issuance date to
     the  maturity  date of June 30,  2003 in  accordance  with  issue 6 of EITF
     00-27.

     During the six months ended November 30, 2003,  $48,951 of the  convertible
     promissory  notes plus accrued  interest were converted into  subscriptions
     for 25,198 common shares of the Company.

     ===========================================================================
     Convertible promissory notes                                      $ 10,000

     Unamortized discount related to the beneficial conversion option    (2,114)

     ---------------------------------------------------------------------------
                                                                       $  7,886
     ===========================================================================




                                       14
<PAGE>



L.O.M. MEDICAL INTERNATIONAL INC.
(A Development Stage Enterprise)

Notes to Consolidated Financial Statements
$ United States

Six months ended November 30, 2003 and 2002
(Unaudited)
================================================================================

4.   Share subscriptions:
     --------------------

     As at May 31, 2003, the Company had received share subscriptions for 11,337
     common shares at $3.25 per share for net proceeds of $36,845, 19,394 common
     shares at $2.50 per share for net proceeds of $48,485, 455 common shares at
     $2.20 per share for net proceeds of $1,000,  500 common  shares in exchange
     for services  received  prior to May 31, 2003 having a value of $1,625,  as
     well as 6,325 shares at a price of $2.00 per share upon receipt of a notice
     of conversion for a convertible  promissory  note plus interest of $12,650.
     During the six  months  ended  November  30,  2003,  the  Company  received
     additional share  subscriptions for 16,269 common shares at $3.25 per share
     for net  proceeds  of $52,874  as well as 5,501  shares at a price of $2.00
     upon receipt of a notice of conversion  for a convertible  promissory  note
     plus interest of $10,999.  All  subscription  proceeds were received by the
     Company  prior to November 30, 2003 and were issued  subsequent to November
     30, 2003.



































                                       15
<PAGE>




Item 2.  Management's Discussion and Analysis or Plan of Operation
------------------------------------------------------------------

OUR DISCLOSURE AND ANALYSIS IN THIS REPORT CONTAINS  FORWARD-LOOKING  STATEMENTS
OF OUR MANAGEMENT ("FORWARD-LOOKING  STATEMENTS") INCLUDING, WITHOUT LIMITATION,
FORWARD-LOOKING STATEMENTS REGARDING OUR EXPECTATIONS,  BELIEFS,  INTENTIONS AND
FUTURE STRATEGIES.  FORWARD-LOOKING  STATEMENTS ARE STATEMENTS THAT ESTIMATE THE
HAPPENING   OF  FUTURE   EVENTS   AND  ARE  NOT  BASED  ON   HISTORICAL   FACTS.
FORWARD-LOOKING  STATEMENTS  MAY BE  IDENTIFIED  BY THE  USE OF  FORWARD-LOOKING
TERMINOLOGY,  SUCH AS "COULD",  "MAY", "WILL",  "EXPECT",  "SHALL",  "ESTIMATE",
"ANTICIPATE",  "PROBABLE", "POSSIBLE", "SHOULD", "CONTINUE", "INTEND" OR SIMILAR
TERMS,   VARIATIONS  OF  THOSE  TERMS  OR  THE  NEGATIVE  OF  THOSE  TERMS.  THE
FORWARD-LOOKING  STATEMENTS  SPECIFIED IN THIS  QUARTERLY  REPORT FOR THE 10-QSB
HAVE BEEN COMPILED BY US ON THE BASIS OF  ASSUMPTIONS  MADE BY US AND CONSIDERED
BY US TO BE REASONABLE. OUR FUTURE OPERATING RESULTS, HOWEVER, ARE IMPOSSIBLE TO
PREDICT AND NO  REPRESENTATION,  GUARANTY,  OR  WARRANTY IS TO BE INFERRED  FROM
THOSE FORWARD-LOOKING STATEMENTS.

THE ASSUMPTIONS USED FOR PURPOSES OF THE  FORWARD-LOOKING  STATEMENTS  REPRESENT
ESTIMATES OF FUTURE EVENTS AND ARE SUBJECT TO UNCERTAINTY AS TO POSSIBLE CHANGES
IN ECONOMIC,  LEGISLATIVE,  INDUSTRY, AND OTHER CIRCUMSTANCES.  AS A RESULT, THE
IDENTIFICATION AND INTERPRETATION OF DATA AND OTHER INFORMATION AND THEIR USE IN
DEVELOPING  AND SELECTING  ASSUMPTIONS  FROM AND AMONG  REASONABLE  ALTERNATIVES
REQUIRE THE EXERCISE OF JUDGMENT.  TO THE EXTENT THAT THE ASSUMED  EVENTS DO NOT
OCCUR, THE OUTCOME MAY VARY SUBSTANTIALLY FROM ANTICIPATED OR PROJECTED RESULTS,
AND,  ACCORDINGLY,  NO  OPINION  IS  EXPRESSED  ON THE  ACHIEVABILITY  OF  THOSE
FORWARD-LOOKING   STATEMENTS.  NO  ASSURANCE  CAN  BE  GIVEN  THAT  ANY  OF  THE
ASSUMPTIONS RELATING TO THE FORWARD-LOOKING  STATEMENTS SPECIFIED IN THIS REPORT
ARE ACCURATE,  AND WE ASSUME NO  OBLIGATION  TO UPDATE ANY SUCH  FORWARD-LOOKING
STATEMENTS.

Our Development
---------------

L.O.M.  Medical  International Inc. was incorporated in the State of Delaware on
March 17, 1997. Our executive  offices are located at #3-1482  Springfield Road,
Kelowna, B.C., Canada, V1Y 5V3. Our telephone number is 250.762.7552.

For purposes of  clarification,  all dollar amounts  specified in this Quarterly
Report on Form  10-QSB are in the  currency  of the United  States.  Anytime the
symbol "CDN" is used, it refers to the currency of Canada.

Our Business
------------

We were  incorporated for the purpose of researching and developing  health care
products.  Our goal is to become an  innovator  and  provider  of a  retractable
syringe  ("Syringe")  and related  products and  technologies to the health care
market.  We have  successfully  patented and  licensed  products in 70 countries
including the United States and Canada and continue to maintain  these  patents.
We plan to develop  new and  improved  products  and  provide  the  health  care
industry with better, safer products throughout the world.

The Retractable Syringe
-----------------------

We believe the Syringe will change standard  disposal methods for used syringes.
The Syringe has been  developed  to function as a standard  hypodermic  syringe,
which we believe is safer to the  caregiver  or health care  worker.  We believe
that the  Syringe's  unique  design will allow  health care  providers  to avoid
direct contact with used needles. The Syringe is covered by United States Patent
No. 5,868,713, dated February 9, 1999, and international patents have been filed
in 84 different countries.




                                       16
<PAGE>




Once the needle of the  Syringe is  injected,  the user  simply has to press the
plunger  top gently  with his or her thumb to  automatically  retract the needle
into its own sealed chamber. The needle is now hidden where it remains locked in
place and cannot be used  again.  Unlike  other  safety  syringes,  the  plunger
remains inside the barrel of the syringe and requires no hand manipulation.  The
Syringe will be produced in standard industry sizes from 1cc to 20cc, inclusive.

We intend to promote  the Syringe as a safer and less  risk-oriented  instrument
for hospital  staff and health care  workers.  We are  optimistic  that doctors,
nurses,  and other health care workers will  recognize and appreciate the safety
features of the Syringe because of its ease of "use-and-disposal" and its unique
"contaminate-prevention" characteristics. We currently have no contracts to sell
the Syringe and there are no guarantees  as to the timing of any such  contracts
in the future.

It is  anticipated  that the products and  technologies  that we develop will be
offered to distributors on a worldwide basis, with an initial emphasis in Canada
and the United States. It is hoped that new product and technology ideas will be
generated  through  active  dialogues  among our  potential  customers,  and our
network of  scientific  advisors.  We also hope to  participate  in national and
international  conferences,  and to  generate  reviews  in  selected  scientific
literature.

Management  interacts with a network of scientific advisors within the industry,
including members of academic institutions,  as well as potential customers.  We
anticipate that these  relationships  will enable us to identify the specialized
needs of those potential  customers,  and to provide innovative and commercially
acceptable  products  and  technologies.  At this time,  our  relationship  with
scientific   advisors   and  academic   institutions   is  limited  to  advisory
relationships.  We  currently  have no  contracts  for testing the Syringe  with
teaching universities and there is a risk that such testing arrangements may not
occur.

Our engineering  personnel are continuing the additional patenting of the L.O.M.
retractable syringe. We are ensuring that patents correctly protect every detail
pertaining  to the  Syringe.  The  detailed  patenting  will  also  include  the
retraction  technology,  and any other  medical  device  that  incorporates  the
retraction technology.

Additional  testing  and  refining  of the 3cc  syringe  have led to  additional
enhancements to the Syringe. These enhancements have led to the reduction of the
length,  and the reduced complexity of the various parts.  Initially,  this task
was to eliminate any dead space in the Syringe.  This proved to be successful as
well as enhanced  performance of the retraction  process. It also simplifies the
manufacturing and reduces  production costs. The Syringe now has the same length
and diameter as a conventional syringe, which is a requirement for the end user.
The production molds will be modified for these size changes. The designs of the
..5cc, 1cc, 1.5cc, 5cc and the 10cc are ready for  prototyping.  The final design
enhancements of the 3cc syringe have been incorporated into the 1cc design. With
the 1cc  being  considerably  smaller  than the  3cc,  the  tolerances  are much
tighter.  The extra  engineering  during computer  modeling of component  sizing
ensures that the 1cc syringe performs as well as the 3cc. The extensive  designs
of the syringe  components  have utilized the shared parts between all sizes and
combined the number of parts on a single unit, thus minimizing overall costs.

The Company has begun design  plans for an assembly  line to produce the Syringe
in  commercial  quantities.  Management  and a  consulting  engineer are jointly
developing the plan. The safety syringes  assembly  system  features  high-speed
flexible  assembly and packaging  technology.  High  cavitation  molds have been
designed and quoted.  Theses molds will produce the required  volume of parts to
accommodate the assembly machines.  The Company is also  contemplating  injector
moulding machines, sterilization units, packaging equipment and other components
that comprise the planned  assembly  line.  Such plans are  contingent  upon the
availability of funding. There can be no assurance that the Company will be able
to access sufficient or suitable funding to complete its plans.

During  the  next  12  months  we  anticipate   increasing   our  staff  as  the
pre-production  of the  Syringe  moves  forward.  Dr.  Simon  Wood has agreed to
supervise our research and development department.  Currently, he bills us on an
hourly basis for work completed.  There is no written  contract with him at this
time. We have employed  Kevin Conway as the Vice President of  Engineering.  Mr.
Conway is responsible of all engineering including the design, engineering,  and
modeling of the retractable syringe.




                                       17
<PAGE>




We are not currently  producing  commercial  quantities of products or currently
supplying any services to any third  parties.  No assurance can be given that we
will,  on a timely  basis,  be able to make the  transition  from  manufacturing
testing   quantities  of  the  Syringe  to  commercial   production   quantities
successfully or be able to arrange for contract manufacturing.

We anticipate subcontracting the first two years of commercial production of the
Syringe. At the end of the second year of production,  we anticipate engaging in
significant  discussions regarding the potential for the construction of our own
production facility. We recognize that the construction of a production facility
will be contingent  upon us having  reached our projected  sales,  profits,  and
financing requirements.

On  November  6,  2003,  Frost & Sullivan  presented  its 2003  Medical  Devices
Industry  Innovation  &  Advancement  of  the  Year  Award  to  L.O.M.   Medical
International Inc. Frost & Sullivan presents this award to L.O.M. for pioneering
the Gas Cell technology for retractable syringes.

On December 3, 2003, ISIPS, the International  Sharps Injury Prevention Society,
presented  a  Sharps  Injury   Prevention   Honorable   Mention  Award  to  John
Klippenstein of L.O.M.  Medical  International  Inc. The ISIPS award  recognizes
L.O.M.'s  efforts to prevent  sharps  injuries  through the  development  of the
retractable syringe.

The Blood Collection System
---------------------------

We have  incorporated the retraction  technology into blood collection kits. The
L.O.M. blood collection kit includes the holder,  retractable  needle, gas cell,
and the  retraction  technology.  The Company has also  designed a winged  blood
collection retractable needle. The L.O.M. blood collection tubes complement both
of these systems.

By  utilizing  either  of  these  two  systems,  the  user is  able  to  deliver
exceptional  patient care without  compromising  personal safety. The use of the
L.O.M.  blood  collection  system  requires very little training as it looks and
feels like conventional  systems and only requires the retraction  technology to
be easily  activated  after the  collection is complete.  In both  systems,  the
needle  retracts  completely  into  the  unit and is  locked  while  the user is
completely protected from potential needle stick injuries.

Patents for the L.O.M.  blood  collection  kits are  currently  being filed.  We
expect to commence the prototyping phase shortly.

The Eye Care System
-------------------

We have  invented  and  developed an  insertion  and storage  device for contact
lenses  (the "Eye Care  System"),  which is a method of handling  and  inserting
contact lenses.

We have produced 33,000 units of our eye care inserters,  which will be used for
demonstrations.  As such, we have not inventoried the units but we have expensed
them in the past financial statements as net realizable value (anticipated to be
nil). We currently  have the ability to  subcontract  out for the  production of
commercial  quantities of our eye care products.  We currently have dies with an
output  capacity of 150,000  units.  There is a second set of dies designed that
will have a 300,000 unit capacity which would allow the production of a total of
450,000 units of eye care products per month.

We have FDA  approval  to market  our line of eye care  products  in the  United
States and have the necessary  Canadian  approval to market eye-care products in
Canada.  We are reviewing various contracts with third parties to market the Eye
Care System in Canada as well as the United States.

We plan to focus our  activities  over the next twelve months on the  production
and introduction of the Syringe.  When that is finalized,  we will implement our
marketing plan for the Eye Care System products.




                                       18
<PAGE>




Skin Care Products
------------------

At this time we are reorganizing our approach to the skin care line. We will not
be pursuing this area  aggressively  until we have our Syringe  production under
way.

Genetic Patents
---------------

We are currently  negotiating  licensing  agreements  with the owners of various
patents on genetic vectors.  As of May 31, 2003, we have advanced $54,680 to the
patent owners.  Given the  uncertainty  regarding the future  recoverability  of
these advances we wrote these advances off in our 2002 fiscal year.

Business of Our Subsidiary
--------------------------

There has been no activity in the subsidiary  this quarter.  For the foreseeable
future the subsidiary will be inactive.

Future Capital Requirements
---------------------------

We still require additional cash to implement our business strategies, including
cash for payment of increased  operating  expenses and our existing  obligations
and  commitments.  No  assurance  can be given  that we will have  access to the
capital markets in the future, or that financing will be available on acceptable
terms to satisfy our cash  requirements  necessary  to  implement  the  business
strategies.  The  inability to access the capital  markets or obtain  acceptable
financing could have a material  adverse effect on our results of operations and
financial condition.

Our forecast of the period of time during which our financial  resources will be
adequate to support our operations is a forward-looking  statement that involves
risks and  uncertainties,  and actual results could vary as a result of a number
of factors.

We will have to raise  additional  capital during the next three months in order
to develop,  promote,  produce and distribute  our proposed  products as well as
satisfy our existing obligations, including the liability disclosed in note 2 to
the  financial  statements.  Such  additional  capital  may  be  raised  through
additional  public  or  private  financings,  as well as  borrowings  and  other
resources.  To the extent that additional  capital is raised through the sale of
equity or  equity-related  securities,  the  issuance of such  securities  could
result in dilution of the stockholders.

There can be no assurance that additional funding will be available on favorable
terms,  if at all. If  adequate  funds are not  available  within the next three
months,  we will be required to curtail  operations  significantly  or to obtain
funds through entering into arrangements with  collaborative  partners or others
that may  require us to  relinquish  rights to certain of our  products  that we
would not otherwise relinquish.

The  management's  report  on  our  November  30,  2003  consolidated  financial
statements  includes a paragraph  explaining that we have generated no revenues,
have a working  capital  deficiency and accumulated a deficit since inception of
$5,386,309 which are factors,  among others,  that raise substantial doubt about
our ability to continue as a going  concern.  The  financial  statements  do not
include any adjustments that might result from the outcome of this uncertainty.

Business Risks
--------------

We are exposed to a variety of business risks, some of which are inherent to all
competitive commercial enterprises,  and others that are specific to the medical
products  industry.  We will  continue to endeavor  to limit all  specific  risk
factors by our operations and financial strategies.

Financial Risks
---------------

Our business  plans are  aggressive in nature.  Continued  rapid  expansion will
consume valuable working capital and result in significant  demand for cash from
operations  during  the next few  quarters.  We  expect  that  existing  capital



                                       19
<PAGE>




resources  and  contributions  from profits will not be  sufficient  to fund our
business plans as represented  without receiving  additional funds from external
sources.

Business Cycles and Risks of Cost Overruns
------------------------------------------

The  sale  and  implementation  of our  products  involve  a  reasonable  market
penetration.  Failure to secure reasonable market penetration could have adverse
effects on our business, results of operations and its financial condition.

Fluctuations in Financial Results
---------------------------------

Our operating  results will  fluctuate,  depending on factors such as the demand
for products,  the size and timing of contracts,  new products and enhancements,
price  competition,  changes in  operating  expenses and  personnel  and general
economic factors.  Therefore,  actual financial  results may vary  significantly
from those projected by us.

Third-Party Claims for Infringement
-----------------------------------

We are not aware that any of our products infringe on the proprietary  rights of
third parties.  There can be no assurance,  however, that third parties will not
claim such  infringements by us with respect to current or future products.  Any
such claims,  with or without merit,  could be time consuming,  result in costly
litigation, or cause product or shipment delays. Any of the foregoing could have
adverse effects on our business, results of operations or financial condition.

Dependence of Single Product Line
---------------------------------

Concentration  of sales in a single product line for the medical health industry
represents a substantial risk, should market conditions deteriorate.

Foreign Currency
----------------

Our business plans are primarily focused on the penetration in the United States
and subsequently worldwide markets; therefore, we will be subject to the risk of
foreign currency fluctuations.

Competition and Sales Channels
------------------------------

Several  companies  compete  with us in the  syringe  market and there are a few
competitors in the safety syringe market.  Most  competitors  are  substantially
larger and possess greater  financial  resources than we do. Our future success,
however,   relies  on  achieving   superior   product   development  by  greater
concentration  on the  needs of the  market  and  faster  response  to  evolving
customer requirements. There can be no assurance, however, that competitors will
not  develop  products  superior  to our  products  or  achieve  greater  market
acceptance due to marketing, sales channels or other factors.

Dependence on Large Distributors
--------------------------------

We will rely in part on business  partners for the distribution of our products.
This includes a few large  distributors in the United States. We may be impacted
by negative business cycles or events  experienced by these  distributors.  This
may result in a short or long term reduction in revenue.

Human Resource Risks and Growth
-------------------------------

Our  success is  largely  dependent  on the  performance  of its key  employees.
Failure to attract and retain key employees with necessary  skills could have an
adverse  impact upon our growth and  profitability.  Our business is expected to
increase  rapidly  during the next three  years.  This  increase  will result in
substantial  growth in the number of  employees,  the scope of our operating and
financial systems and the geographic area of our operations.  This increases the
responsibilities for both existing and new management personnel.  Our ability to



                                       20
<PAGE>




support the  projected  growth of our  business  will be  dependent  upon having
highly  trained  personnel  in place to conduct  pre-sales  activities,  product
implementation and other customer support services. Our future operating results
will  depend on the ability of our key  managers  and  employees  to continue to
implement and improve our operational,  customer support and financial  systems.
There can be no  assurance  that we will be able to manage any future  expansion
successfully,  and, if we cannot, this could adversely affect the results of our
operations and our financial condition.

Changes in Number of Employees
------------------------------

During the next 12 months,  depending on the success of our  marketing  plan, we
may be  required  to hire  additional  employees;  however,  we are not  able to
provide a reasonable estimate of the number of such additional employees,  which
may be required at this time.

Production and Quality Control
------------------------------

The manufacturing of products involves a number of steps and requires compliance
with  stringent  quality  control   specifications  imposed  on  us  by  various
regulators.  We may not be able to replace manufacturing capacity quickly, if we
were unable to use our manufacturing  facilities as a result of a fire,  natural
disaster (including  earthquake),  equipment failure or other difficulty,  or if
such  facilities  are  deemed not in  compliance  with the  various  regulators'
requirements  and  the  non-compliance  could  not  be  rapidly  rectified.  The
inability or reduced  capacity to  manufacture or have  manufactured  any of our
products  would have a material  adverse  effect on the  business and results of
operations.

Government Standards and Regulations
------------------------------------

Our  products  will be subject to  numerous  foreign  government  standards  and
regulations  that are  continually  being amended.  Although we will endeavor to
satisfy foreign  technical and regulatory  standards,  there can be no assurance
that our products will comply with foreign government standards and regulations,
or changes  thereto,  or that it will be cost effective to redesign our products
to  comply  with such  standards  or  regulations.  Our  inability  to design or
redesign products to comply with foreign standards could have a material adverse
effect on our business, financial condition and results of operations.

Product Liability Risk
----------------------

Our  business  and the  business of our  subsidiary  will expose us to potential
product  liability  risks that are  inherent in the testing,  manufacturing  and
marketing  of medical  products.  We do not  currently  have  product  liability
insurance,  and  there  can be no  assurance  that we will be able to  obtain or
maintain such insurance on acceptable terms or, if obtained, that such insurance
will provide adequate coverage against potential liabilities.

We face an inherent  business  risk of exposure to product  liability  and other
claims,  in the event that the  development or use of our technology or products
is alleged to have  resulted  in adverse  effects.  That risk  exists  even with
respect to those  products  that are  manufactured  in  licensed  and  regulated
facilities or that otherwise  possess  regulatory  approval for commercial sale.
There can be no  assurance  that we will  avoid  significant  product  liability
exposure.  There can be no  assurance  that  insurance  will be available in the
future on commercially  reasonable terms, or at all, or that such insurance will
be  adequate  to pay  potential  product  liability  claims  or  that a loss  of
insurance  or the  assertion  of a product  liability  claim or claims would not
materially  adversely  affect our business,  financial  condition and results of
operations.

Although  we have  taken,  and  will  continue  to  take,  what we  believe  are
appropriate  precautions,   there  can  be  no  assurance  that  we  will  avoid
significant  liability  exposure.  An  inability  to  obtain  product  liability
insurance at acceptable cost or to otherwise  protect against  potential product
liability claims could prevent or inhibit the commercialization of our products.
A product  liability claim could have a material adverse effect on our business,
financial condition and results of operations.



                                       21
<PAGE>




Liquidity and Capital Resources
-------------------------------

We  believe we have  raised  enough  capital  to allow us to meet our  financial
obligations  for a period of at least one month  from  November  30,  2003,  not
including  our  current  obligations,  aggregating  $156,709  under the  British
Columbia Security Commission  rescission offer. However, this one-month forecast
is a  forward-looking  statement that involves risks and  uncertainties.  Actual
results could differ  significantly  as a result of these  uncertainties  as the
forecast  assumes  on-going  support from  creditors,  including the obligations
under the rescission offer, and shareholders.

We had cash resources of $629 at November 30, 2003. At May 31, 2003, we had cash
resources of $7,642.  On November 30, 2003, total current assets of were $77,215
and total current liabilities were $832,642. At November 30, 2003, total current
liabilities  exceeded total current assets by $755,427.  At May 31, 2003,  total
current assets were $98,859 and total current liabilities were $563,323.  At May
31, 2003, total current  liabilities  exceeded total current assets by $464,464.
Cash constitutes our current  internal sources of liquidity.  Because we are not
generating  any revenues  from the sale or licensing of our  products,  our only
external source of liquidity is the sale of our capital stock.

Management's plans include  generating future profitable  operations from future
sales of the retractable syringe as well as additional funding from stockholders
in the form of additional share subscriptions.  There can be no assurance that a
market  will  develop  for the  retractable  syringe  or that  additional  share
financings will be available or legally permissible.  Failure to obtain adequate
financing will cause the Company to curtail operations.

Critical Accounting Policies
----------------------------

The Company's  discussion and analysis of its financial condition and results of
operations,  including the  discussion on liquidity and capital  resources,  are
based upon the  Company's  financial  statements,  which have been  prepared  in
accordance with accounting  principles  generally accepted in the United States.
The  preparation  of these  financial  statements  requires  the Company to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues  and  expenses,   and  related  disclosure  of  contingent  assets  and
liabilities.  On an ongoing  basis,  management  re-evaluates  its estimates and
judgments.  Actual results could differ from the estimates. The Company believes
the following critical accounting policy requires more significant  judgment and
estimates used in the preparation of the consolidated financial statements.

The  consolidated  financial  statements have been prepared on the going concern
basis, which assumes the realization of assets and liquidation of liabilities in
the normal course of operations.  If the Company were not to continue as a going
concern,  it  would  likely  not be able to  realize  on its  assets  at  values
comparable to the carrying  value or the fair value  estimates  reflected in the
balances set out in the preparation of the consolidated financial statements. As
described  elsewhere  in this  report,  at  November  30, 2003 there are certain
conditions that currently exist which raise substantial doubt about the validity
of this assumption.  While the Company  anticipates  raising  additional funding
through  future  profitable  operations and the sale of share  subscriptions  to
remove the  substantial  doubt,  these funds are not  assured.  Failure to raise
additional  funds may result in the  Company  curtailing  operations  or writing
assets and liabilities down to liquidation values, or both.

Results of Operations
---------------------

We have not yet realized any revenues from  operations.  The loss from March 17,
1997 (inception) to November 30, 2003, was $5,386,309.  The loss for the 6-month
period ended November 30, 2003, was $404,803  compared to a loss of $339,991 for
the 6-month  period  ended  November 30, 2002.  Such losses were  primarily  the
result of product development and operational expenditures.

During the 6-month  period  ending  November 30, 2003, we have paid $97,052 with
regards to developing the Syringe and the Blood  Collection  units,  compared to
$50,233  incurred  during the 6-months  ending  November 30, 2002.  The increase
compared to the prior  comparable  period is a result of increased  expenditures
required   to  develop  the   pre-production   syringe   samples.   General  and
administrative  expenses  for the 6-month  period  ending  November 30, 2003 was
$307,752,  compared to $290,270 incurred during the 6-months ending November 30,
2002.


                                       22
<PAGE>




Item 3.  Controls and Procedures
--------------------------------

The company  maintains  disclosure  controls and procedures that are designed to
ensure that information  required to be disclosed in the Company's reports filed
pursuant to the  Securities  Exchange Act of 1934 are recorded,  processed,  and
summarized and reported within the time periods specified in the rules and forms
promulgated  under  such  Act,  and that such  information  is  accumulated  and
communicated to the Company's management,  including the Chief Executive Officer
and Chief Financial Officer, as appropriate, to allow timely decisions regarding
required disclosure.

Within  the 90 days  prior  to the  date of this  report,  the  Company's  Chief
Executive Officer and Chief Financial  Officer,  with the participation of other
members of  management,  carried out an evaluation of the  effectiveness  of the
design  and  operation  of the  Company's  disclosure  controls  and  procedures
pursuant to Exchange  Act Rule 13a-14 of the  Securities  Exchange  Act of 1934.
Based upon that  evaluation,  the Chief  Executive  Officer and Chief  Financial
Officer  concluded that the disclosure  controls and procedures are effective in
connection  with the  filing of this  Quarterly  Report on Form  10-QSB  for the
quarter ended November 30, 2003.

There were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to the date of
our most recent evaluation,  including any significant deficiencies and material
weaknesses of internal controls that would require corrective action.







































                                       23
<PAGE>




                                     Part II
                                     -------


Item 1.  Legal Proceedings
--------------------------

Litigation Involving Our Subsidiary.
------------------------------------

None.

British Columbia Securities Commission.
---------------------------------------

During the year ended May 31,  2002,  the Company  engaged in  discussions  with
staff of the British Columbia Securities  Commission (the "BCSC") concerning the
distribution  of the  Company's  common  stock to certain  residents  of British
Columbia.  Staff of the BCSC took the position that the  distribution of certain
shares may not have, in all  circumstances,  satisfied the prospectus  exemption
requirements  under the Securities Act (British  Columbia).  In order to resolve
the  concerns  of staff of the  BCSC,  the  Company  agreed  to make an offer of
rescission (the  "Rescission  Offer") to purchasers of its common stock residing
in British  Columbia.  Stockholders  who acquired  99,933 common shares from the
Company for aggregate  proceeds of $263,573 exercised their right of rescission.
As of November  30, 2003,  the Company has repaid  $47,851 of the  $263,573.  In
addition,  during the year ended May 31, 2003, 32,363 shares were retracted from
the  rescission  offer by the  original  purchaser,  resulting  in a decrease in
liability of $59,013.  These shares were returned to the shareholder and removed
from treasury  stock.  The remaining  payable balance of $156,709 is included in
accounts payable and accrued liabilities on the consolidated  balance sheet. The
Company does not have sufficient funds to repay this liability at this time.

As of November 30, 2003, six shareholders, not entitled to the rescission offer,
holding 6,236 common shares with a cost of $17,416,  requested  that the Company
accept the return of their shares. The Company accepted the return of the shares
and repaid the original  subscription price of $1,000 to one shareholder and has
recorded a  liability  of $16,416,  which is  included  in accounts  payable and
accrued  liabilities  for the other five  shareholders.  All of these shares are
held as treasury stock as at November 30, 2003.

The  Company  and John  Klippenstein  appeared  in a hearing  before the BCSC on
December  3,  2003 to  respond  to  various  allegations  and the  status of the
rescission  offer (note 2(a)).  Possible  implications  of the  hearing,  if the
ruling  is not in favour  of John  Klippenstein  and the  Company,  include  Mr.
Klippenstein  and the Company  being banned from trading  securities  in British
Columbia,  Mr.  Klippenstein  being  banned from being a director or engaging in
investor relations activities and the payment of penalties,  fines and the costs
of the hearing.  The Company and John  Klippenstein  dispute the validity of the
allegations, consulted legal counsel, and intend to vigorously defend themselves
against the  allegations.  The outcome of these matters  cannot be determined at
this time.

There are no other security issues pending against the Company nor are any other
such actions contemplate.


Item 2.  Changes in Securities
------------------------------

Warrants.
---------

We have offered to all  shareholders of record at June 30, 2001, one warrant for
every 2 shares held by each  shareholder.  Each  warrant  entitles the holder of
such warrant to purchase one share of our common stock for $5.00 per share. Each
warrant  expires 90 days after the first  transaction in our common stock occurs
on a public market.

Stock Options.
--------------

Our Board of Directors  has adopted a stock option plan ("Stock  Option  Plan").
The Stock Option Plan is designed to retain  qualified and  competent  officers,
employees and directors of the Company.  Our Board of Directors,  or a committee
thereof,  shall administer the Stock Option Plan and is authorized,  in its sole
and absolute  discretion,  to grant  options to all of our  eligible  employees,
officers and  directors  (whether or not employed by us).  During the year ended



                                       24
<PAGE>




May 31, 2001,  340,417 and during the nine month period ended February 28, 2003,
359,833  stock  options were granted in  accordance  with the Stock Option Plan.
Under  SFAS 123,  compensation  cost of  $486,719  has been  recorded  for those
options issued to consultants to November 30, 2003.  Options granted pursuant to
the Stock  Option Plan will be  exercisable  within the period  specified in the
respective stock option agreements.  Options granted under the Stock Option Plan
will not be exercisable  after the expiration of ten (10) years from the date of
grant  for  shareholders  with less  than 10%  ownership  and five (5) years for
shareholders with 10% or more share ownership.

Share Issuances.
----------------

During the three months  ended  November 30,  2003,  12,837  common  shares were
issued at $3.25 per shares,  19,394 common shares were issued at $2.50,  and 455
common shares were issued at $2.20. All 32,686 common shares are issued pursuant
to Regulation S. During the three months ended November 30, 2003,  26,022 common
shares were issued  pursuant to  Regulation  S at a purchase  price of $2.00 per
share on conversion of convertible promissory notes.


Item 3.  Default Upon Senior Securities
---------------------------------------

None.


Item 4.  Submission of Matters to Vote of Security Holders
----------------------------------------------------------

None.


Item 5.  Other Information
--------------------------

This  quarterly  reporting,  including  consolidated  financial  statements  for
November 30, 2003 and the  management's  report,  have not been  reviewed by the
auditors' of the Company.  The auditors' of the Company are currently performing
a review and the Company  will file an amendment to the November 30, 2003 10-QSB
filing once the review is complete.


Item 6.  Exhibits and Reports on Form 8-K
-----------------------------------------

Effective  September  5, 2003,  the Board of  Directors  appointed  Mr.  Anthony
Hawkshaw as a Director.  Effective  September  5, 2003,  the Board of  Directors
appointed Mrs. Maria  Klippenstein as a Director.  Effective  September 5, 2003,
the Board of Director's  appointed Mr. Lionel Matthews as a Director.  Effective
October 8, 2003,  the Board of Director's  appointed  Mr.  Darren  McGregor as a
Director.  Effective December 19, 2003, Mr. Lionel Matthews resigned as a member
of the Board of Directors.




















                                       25
<PAGE>




                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Dated:   January 14, 2004                     L.O.M. Medical International, Inc.


                                         By:  /s/ John Klippenstein
                                              ----------------------------------
                                              John Klippenstein
                                         Its: President


                                         By:  /s/ Tanya Sedlacek
                                              ----------------------------------
                                              Tanya Sedlacek
                                         Its: Chief Financial Officer



































                                       26